What Cryptocurrencies Are Backed By Gold

Unlike most cryptocurrencies that have speculative value a gold-backed tokens value is tied to a tangible asset which cushions it against severe price fluctuations. There are Ekon EKG from Switzerland and Golden Currency PGCT from Singapore both 100 covered by physical gold then theres also GoldFinX GiX from Singapore GoldFund GFUN from Australia and Gold Vein Token CVT from Russia.

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Gold Or Crypto Or Both The Gold Backed Cryptocurrency Karatbars Roadm

Xaurum XAUR is a gold-backed cryptocurrency.

What cryptocurrencies are backed by gold. However you can choose for your assets to be just backed by gold if you so choose. 1irstGold 1GOLD AABB Gold Token AABBG AgAu. Digix Gold Tokens is considered as one of the best-performing cryptocurrencies that are backed by the most precious metal of all.

DGX s a gold backed token that is based on the ERC-20 standard. This token has a peculiarity that those who have tokens will have a 15 profit each time a new token is purchased. GSX is a gold-backed stablecoin produced by Apollo Fintech.

Guardian Gold token holders can transfer them to whoever they want in 15 seconds. Users can exchange their XAUR coins for real physical gold which can be delivered to any destination in the world. Dai is backed by the hedging of a publicly visible contract in the blockchain and is effectively pegged to the dollar.

The majority of gold-backed cryptocurrencies exist as ERC-20 standard tokens although there are exceptions such as Paxos PAX Gold. Its of course a stablecoin backed by gold though its offered by an established exchange. Below are the top five gold-backed cryptocurrencies.

Holders of GSX are eligible for yearly bonuses as thanks for their participation. Gold Bits Coin GBC This is a gold-backed cryptocurrency out of Australia. Its not only backed by gold but by similar metals as well.

The total amount of gold that backs the coin is referred to as the Xaurum CommonWealth. The assets are all audited by a third party quite often and are also redeemable for physical bullion if youd prefer. Perth Mint Gold Token PMGT Backed by actual gold blocks from Western Australias Perth Mint PMGT is among the best gold-backed cryptocurrency tokens available.

Paxful also offers a gold-backed cryptocurrency the PAX Gold PAXG. With inflation poised to increase this year it would seem to be only a matter of time before gold-backed cryptos take center stage in the mind of crypto investors worldwide. The physical gold is held in custody by the Paxos Trust Company and each token is supported by one fine troy ounce of 400 oz gold.

Guardian Gold is a currency that is backed with gold based on blockchain technology. Quantum Gold Token is a cryptocurrency that combines backing by a physical gold reserve and income from forthcoming production of gold from selected gold mines. Each token is backed by the certificates on a 11 ratio and is traded on exchanges like.

What makes this cryptocurrency valid is the fact that the Australian government guarantees the weight and. Just like XAUT Paxos Gold is also an ERC-20 token that can be. The following tokens are stated to be 100 backed by physical gold.

ANTHEM AGLD Aureus Nummus Gold ANG AurusGOLD AWG BiGA BIGA. Each coin is backed with one gram of gold. All this together makes Norways currency the Krone my favorite pick for the closest to a modern-day gold-backed currency albeit just a commodity-correlated currency.

It was issued by the first DAO Decentralized Autonomous Organization on the Ethereum network which calls itself DigixDAO. Some gold backed tokens are not yet available on the market but they will be soon. PAX is a popular brand in the cryptocurrency space and them publishing a stablecoin is a fantastic endorsement.

Those certificates are then used to back PMGT tokens. Gold-backed cryptocurrency is a recent innovation and many people get confused on which one they should invest in since they are so many out there. DGX is currently ranked 404th on Coinmarketcap a place that is certainly beyond the attention of the general public.

For each QTG Token half of the proceeds net of expenses will be allocated to purchase physical 999 gold and stored in Real Gold Reserve RGR. Gold behaves like gold with potentially unlimited supply which is not the same as a fixed amount of coins that could be mined. Digix Gold Token DGX a DAO token on Ethereums network.

Perth Mint Gold Token PMGT Australian-based Perth Mint is. The following is a list of gold-backed cryptocurrencies along with what secures their value. PAX Gold PAXG PAX Gold is a subsidiary of the PAX cryptocurrency.

The Perth Mint Gold Token PMGT is backed by gold in the Western Australian governments Perth Mint. Perth Mint Gold Token PMGT Perth Mint Gold token is one of the best gold-backed cryptocurrency tokens. The purity and weight of the gold are guaranteed by the government with the mint issuing digital gold certificates through the GoldPass app.

This particular coin is only backed by 15 gold. Each XAUR coin has the value of 1 gram of 9999 pure gold. It is known for its ability to pay for online purchases.

But lets move on to the two legit gold-backed cryptocurrencies that are available on exchanges.

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